Nio Inc (NYSE: NIO) ended several weeks of consecutive sequential declines in insurance registrations in China last week, while Tesla saw a significant increase.
During the week of June 9-15 — week 24 of 2025 — Nio brand vehicles had 3,060 insurance registrations in China, up 16.35 percent from the previous week’s 2,630, ending three consecutive weeks of sequential declines, according to figures shared today on Weibo by several automotive industry observers.
Nio’s sub-brand Onvo recorded 1,230 insurance registrations last week, up 2.50 percent from the previous week’s 1,200 units.
Nio’s other sub-brand Firefly saw 440 insurance registrations last week, down 12.00 percent from the previous week’s 500 units.
Nio Inc, including the Nio, Onvo, and Firefly brands, recorded 4,730 insurance registrations in China last week, up 9.24 percent from the previous week’s 4,330, ending three consecutive weeks of sequential declines.
Nio Inc delivered 23,231 vehicles in May, up 13.08 percent from 20,544 in the same period last year, but down 2.80 percent from 23,900 in April, according to data released on June 1.
Nio’s main brand delivered 13,270 vehicles in May, a year-on-year decrease of 35.41 percent and a decrease of 31.13 percent compared to April.
Onvo delivered 6,281 vehicles in May, a 42.75 percent increase from April.
Firefly delivered 3,680 vehicles in May. This marks the first full month of deliveries for the Nio sub-brand.
Tesla (NASDAQ: TSLA) had 15,500 insurance registrations in China last week, marking a 79.40 percent increase from the previous week’s 8,640 and the highest figure in the past 10 weeks.
The US EV maker operates a factory in Shanghai producing the Model 3 sedan and Model Y crossover, which are delivered to domestic customers and also serve as an export hub.
Tesla’s retail sales in China in May totaled 38,588 units, down 30.11 percent year-on-year, though up 34.31 percent from April, according to data from the China Passenger Car Association (CPCA).
Its Shanghai factory exported 23,074 vehicles in May, up 32.93 percent year-on-year, though down 22.38 percent from April.
Earlier today, the delivery wait time for the Tesla Model 3 in China saw its first increase in the past nine months, suggesting that the Shanghai factory may be undergoing some new adjustments.
Xpeng (NYSE: XPEV) had 6,400 insurance registrations last week, a 52.74 percent increase from the previous week’s 4,190 vehicles.
The company delivered 33,525 vehicles in May, marking seven consecutive months of deliveries exceeding 30,000 units.
This represents a 230.43 percent increase from the 10,146 units delivered in the same period last year, though it is a 4.34 percent decrease from the 35,045 units delivered in April.
Li Auto (NASDAQ: LI) had 7,900 insurance registrations last week, a decrease of 4.47 percent from the previous week’s 8,270 units.
It delivered 40,856 vehicles in May, a 16.66 percent increase from the 35,020 units in the same period last year, and a 20.38 percent increase from April’s 33,939 units.
BYD (HKG: 1211, OTCMKTS: BYDDY) brand vehicles saw insurance registrations of 70,300 units last week, up 28.17 percent from the previous week’s 54,850 units.
The company sold 382,476 vehicles in May, up 15.27 percent year-on-year and 0.63 percent from April.
BYD announced significant discounts on models in its Dynasty and Ocean product lines at the end of last month, prompting several competitors to follow suit.
Xiaomi (HKG: 1810, OTCMKTS: XIACY) had 5,600 insurance registrations last week, up 28.15 percent from the previous week’s 4,370 units.
Xiaomi’s EV unit, Xiaomi EV, delivered over 28,000 units in May, it announced on June 1.
Xiaomi unveiled the YU7 SUV (sport utility vehicle) on May 22. The company said yesterday that the YU7 will officially launch at the end of this month.
The Zeekr (NYSE: ZK) brand recorded 3,200 insurance registrations last week, flat from the previous week.
The Zeekr brand delivered 18,908 vehicles in May, up 1.57 percent year-on-year and up 37.74 percent month-on-month.
Including Lynk & Co’s deliveries, the Zeekr Group delivered 46,538 vehicles in May, up 12.64 percent from 41,316 in April, marking the third consecutive month of month-on-month growth.
Leapmotor (HKG: 9863) had 8,800 insurance registrations last week, flat from the previous week.
It delivered 45,067 vehicles in May, surpassing the previous record of 42,517 set in December 2024.
This represents a 148.10 percent increase from the 18,165 units in the same period last year and a 9.82 percent increase from the 41,039 units in April.
Aito — the brand jointly developed by Huawei and Seres Group — had 10,000 insurance registrations last week, up 13.77 percent from the 8,790 units in the previous week.
